Shares of NGL Energy Partners LP (NYSE:NGL) fell 4% during mid-day trading on Monday . The company traded as low as $18.00 and last traded at $18.06, with a volume of 343,642 shares traded. The stock had previously closed at $18.81.

A number of brokerages have issued reports on NGL. Zacks Investment Research raised NGL Energy Partners from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, June 30th. Wunderlich raised NGL Energy Partners from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $20.00 in a research note on Monday, June 13th. Stifel Nicolaus raised NGL Energy Partners from a “hold” rating to a “buy” rating and raised their price target for the stock from $16.63 to $18.00 in a research note on Friday, June 3rd. They noted that the move was a valuation call. Bank of America Corp. raised NGL Energy Partners from an “underperform” rating to a “neutral” rating in a research note on Friday, April 22nd. Finally, Barclays PLC initiated coverage on NGL Energy Partners in a research note on Wednesday, April 13th. They issued an “equal weight” rating and a $8.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $13.50.

The company’s market cap is $1.87 billion. The company has a 50-day moving average of $18.92 and a 200-day moving average of $12.74.

NGL Energy Partners (NYSE:NGL) last announced its earnings results on Friday, May 27th. The company reported ($1.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by $2.53. On average, equities research analysts predict that NGL Energy Partners LP will post $1.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Thursday, August 4th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.87%. The ex-dividend date is Tuesday, August 2nd.

In other news, CAO Lawrence J. Thuillier sold 4,256 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $18.47, for a total transaction of $78,608.32. Following the sale, the chief accounting officer now directly owns 25,744 shares of the company’s stock, valued at $475,491.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn W. Coady sold 13,070 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $18.47, for a total value of $241,402.90. Following the sale, the insider now directly owns 53,949 shares in the company, valued at $996,438.03. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of the stock. Morgan Stanley raised its position in NGL Energy Partners by 27.6% in the fourth quarter. Morgan Stanley now owns 2,188,227 shares of the company’s stock valued at $24,158,000 after buying an additional 473,736 shares during the last quarter. Atlantic Trust Group LLC raised its position in NGL Energy Partners by 136.1% in the fourth quarter. Atlantic Trust Group LLC now owns 367,530 shares of the company’s stock valued at $4,057,000 after buying an additional 211,830 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in NGL Energy Partners by 6.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 127,200 shares of the company’s stock valued at $1,404,000 after buying an additional 8,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in NGL Energy Partners by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 97,819 shares of the company’s stock valued at $1,080,000 after buying an additional 2,230 shares during the last quarter.

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